2020 Clothing And Apparel Market Size, Emerging Markets Growth, Trends, Restraints and Top Key Players Analysis by TBRC

Clothing And Apparel Market - By Type Of Product (Women’S Wear, Men’S Wear, And Kids Wears), And By Region, Opportunities And Strategies – Global Forecast To 2022 By The Business Research Company

The global market for clothing and apparel reached a value of nearly $758.4 billion in 2018, having grown at a compound annual growth rate (CAGR) of 7.5% since 2014. Growth in the historic period resulted from emerging markets growth and technological advances. Factors that negatively affected growth in the historic period were a lack of resources and increasing inventory levels.

The Key drivers of clothing and apparel market include:
Emerging Markets Growth:
The apparel market benefitted from increased spending on apparel and clothing in emerging markets. As the middle class began to emerge, a change in spending patterns took place, departing from traditional spending paths and moving towards fashion apparel. This change was driven mainly by growth in emerging markets such as China and India.

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Clothing And Apparel Market Segmentation:
The clothing and apparel market is segmented by type of apparel.
By Apparel Type- The clothing and apparel market can be segmented by apparel type into
a) Women’s Wear
b) Men’s Wear
c) Kid’s Wear
Men’s wear had the highest growth rate of nearly 12.50% during the historic period. The fastest growth of the market in the historic period can be attributed to the increased fashion awareness among men, changes in lifestyles and adoption of latest fashion, and increased spending on sportswear and casual wear globally

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By Geography - The clothing and apparel market is segmented into
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa

Some of the major key players involved in clothing and apparel market are
• NIKE, Inc.
• Adidas AG
• PVH Corp.
• VF Corporation
• Hanesbrands Inc.

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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